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Питер Брандт назвал сроки окончания медвежьего цикла биткоина

bits.media/ - Tue, 03/31/2026 - 18:14
Глава компании Factor, трейдер и ветеран рынка Питер Брандт (Peter Brandt) заявил, что осенью биткоин достигнет дна, и только потом котировки первой криптовалюты начнут расти.

Franklin Templeton раскрыла состав своего биржевого индексного фонда EZPZ

bits.media/ - Tue, 03/31/2026 - 18:01
Инвестиционная компания Franklin Templeton отчиталась перед Комиссией по ценным бумагам и биржам США (SEC) об активах, входящих в состав спотового биржевого фонда Franklin Crypto Index (EZPZ).

Bitcoin Bombshell: Google’s 2029 Quantum Warning Sparks New Fear

bitcoinist.com - Tue, 03/31/2026 - 17:00

Google’s decision to pull its post-quantum cryptography migration timeline forward to 2029 has landed hard in Bitcoin and crypto, because the company did not just change a policy deadline. It paired that warning with a new whitepaper arguing that breaking the 256-bit elliptic curve cryptography used across major blockchains may require far fewer quantum resources than many in the market had assumed.

That is the link Castle Island Ventures General Partner Nic Carter seized on in a series of X posts on Tuesday, arguing that the answer to what Google “saw” was this paper itself. The whitepaper, dated March 30 and co-authored by researchers from Google Quantum AI alongside Justin Drake and Dan Boneh, lays out updated estimates for attacking the secp256k1 curve that sits at the center of Bitcoin-era signature security.

Specifically, this paper. It’s a brand new resource estimate that’s wildly lower than prior estimates of what it would take to break ECC-256. Featuring the Google Quantum AI team + Justin Drake + Dan Boneh https://t.co/dYRld7HbJY pic.twitter.com/qXlAvzBQkv

— nic carter (@nic_carter) March 31, 2026

In Google’s formulation, Shor’s algorithm could solve the target problem with either no more than 1,200 logical qubits and 90 million Toffoli gates, or no more than 1,450 logical qubits and 70 million Toffoli gates. On a superconducting architecture, the authors say those circuits could run in minutes with fewer than half a million physical qubits.

That is the real shock to the Bitcoin threat model. Google’s March 25 blog post said the company moved to a 2029 migration target because of progress in quantum hardware, error correction and quantum factoring resource estimates, and said it had already adjusted its threat model to prioritize post-quantum migration for authentication services. The crypto paper then gave markets a concrete reason for why that deadline may have moved.

The paper is also unusual in how it handles disclosure. Rather than publishing the attack circuits in full, the authors say they used a zero-knowledge proof to validate the results without leaking sensitive details. Google framed that as a responsible-disclosure choice in a field where public discussion can itself create fear and instability, especially when the assets in question are bearer instruments with no recourse layer.

That choice fed directly into the reaction on X. Dragonfly’s managing partner Haseeb Qureshi called the result “wild,” writing: “Google Research demonstrates a ~20x more efficient implementation of Shor’s algorithm that could break ECDSA keys within minutes with ~500K physical qubits. Google is now are more confident on a 2029 post-quantum transition. We are no longer looking at mid 2030s, we could have quantum computers of this scale by the end of the decade.”

He added that Google’s decision not to publish the actual circuits, and instead publish a proof that they exist. “They believe this result is so severe that they are not publishing the actual circuits. They instead published a ZKP proving that they know of the quantum circuit with these properties. This is very atypical, showing Google thinks this is serious shit. All blockchains need a transition plan ASAP. Post-quantum is no longer a drill,” he added.

This is wild. Google Research demonstrates a ~20x more efficient implementation of Shor’s algorithm that could break ECDSA keys within minutes with ~500K physical qubits.

Google is now are more confident on a 2029 post-quantum transition. We are no longer looking at mid 2030s,… https://t.co/jGzFk5uLc0 pic.twitter.com/O4V1VbiXkf

— Haseeb >|< (@hosseeb) March 31, 2026

Ethereum Foundation researcher Justin Drake pushed the same point even further. “Today is a monumentous day for quantum computing and cryptography. Two breakthrough papers just landed,” he wrote. “The results are shocking. I expect a narrative shift and a further R&D boost toward post-quantum cryptography.”

In a separate post, he added: “My confidence in q-day by 2032 has shot up significantly. IMO there’s at least a 10% chance that by 2032 a quantum computer recovers a secp256k1 ECDSA private key from an exposed public key. While a cryptographically-relevant quantum computer before 2030 still feels unlikely, now is undoubtedly the time to start preparing.”

Today is a monumentous day for quantum computing and cryptography. Two breakthrough papers just landed (links in next tweet). Both papers improve Shor’s algorithm, infamous for cracking RSA and elliptic curve cryptography. The two results compound, optimising separate layers of…

— Justin Drake (@drakefjustin) March 31, 2026

For Bitcoin specifically, the most important part of the paper is not some vague future threat to “crypto,” but the distinction it draws between attacks on dormant or exposed keys and attacks on live transactions. The authors argue that fast-clock architectures such as superconducting and photonic systems could eventually enable “on-spend” attacks, where a public key exposed during transaction flow is broken quickly enough to race the original payment into a block.

Their estimate explicitly says fast-clock systems could solve ECDLP in about nine minutes on average, putting Bitcoin’s roughly 10-minute block cadence uncomfortably close to the attack window. The paper points to private mempools and commit-reveal schemes as possible mitigations, but treats migration to post-quantum cryptography as the actual answer.

Just as important, Google tries to narrow the panic. The paper says quantum attacks on Bitcoin proof-of-work via Grover’s algorithm are not a practical concern “in the next several decades,” arguing that discussion should stay focused on signatures, not mining. That matters because it shifts the debate away from network collapse scenarios and toward wallet design, key exposure, mempool privacy and upgrade coordination.

The broader message is hard to miss. Google’s paper ends by urging “all vulnerable cryptocurrency communities to join the migration to PQC without delay,” and its separate security timeline now points to 2029, not some comfortably distant date in the mid-2030s.

Bitcoin has spent years treating quantum risk as a long-range problem. What changed this week is that a major quantum lab put a much tighter engineering estimate around the threat, and some of the sector’s most technically literate observers immediately started talking less about whether the transition will be needed and more about how fast it has to begin.

At press time, Bitcoin traded at $67,475.

Crypto Traders Beware: Russia’s New “Regulated Only” Regime Could Cut You Off From Global Liquidity

bitcoinist.com - Tue, 03/31/2026 - 15:40

Russia’s government has just approved a package of crypto regulation bills that make trading through regulated intermediaries the only legal route, highly limiting off retail access.

An Authoritarian Crypto Restriction?

On Monday, the Russian Ministry of Finance said in a press release that Moscow had greenlit a bundle of draft laws to legalize the circulation of digital currencies and digital rights inside Russia.

Retail “non‑qualified” investors now face an annual purchase limit of about ₽300,000 (around $3,700) per broker or intermediary,and can only access a narrow list of high‑liquidity coins approved by the central bank.

Trading without intermediaries is also banned. Banks will not be allowed to process payments to unlicensed foreign platforms. Qualified investors can keep broad access and no caps but must still pass tests and go through licensed platforms.

As the press release states it:

The regulation prohibits transactions involving digital currencies without regulated intermediaries. However, residents are permitted to purchase digital currencies abroad, paying from foreign accounts, and transfer foreign currency purchased through Russian intermediaries. Residents will be required to notify the Federal Tax Service of Russia of any foreign transactions.

Russia is joining a broader trend of countries tolerating crypto only under banking‑style licenses, turning exchanges into tightly supervised gatekeepers instead of open platforms.

A new Crypto Legislation In Russia

This announcement follows the legislation targeting a full framework around mid‑2026, with liability and penalties for illegal intermediaries ramping up into 2027, as covered by Bitcoinist.

The new package of bills effectively shuts down Russia’s gray P2P and OTC market and cuts off most citizens from global exchanges like Bybit, OKX and other unlicensed offshore venues. The Kremlin wants to pull flows onshore, tax them, tighten AML controls and protect the ruble, while keeping crypto banned for domestic payments and pushing the digital ruble as the “safe” alternative.

Russian retailers should expect loss of access to long‑tail altcoins, fragmented liquidity across “friendly” jurisdictions, heavier surveillance, and higher friction for cross‑border transfers.

In global markets, a reduced Russian flow on major offshore exchanges could slightly dent volumes in some pairs, but the bigger story is the precedent: if more large economies adopt “intermediaries only” models, the free‑wheeling P2P era in crypto could be in structural decline.

Cover image from Perplexity, BTCUSDT chart from Tradingview

XRP Whales Are Accumulating Again: Here’s Why This Trend Is Important To Follow

bitcoinist.com - Tue, 03/31/2026 - 15:30

XRP whale accumulation has long been in full swing after the cryptocurrency hit its cycle peak back in 2025. So far, it has been one year of non-stop accumulation, especially as these large players seem to be getting ready for another move. As they continue to buy up more of the supply, there is now the possibility that the cryptocurrency will start to rise again. Going by past performances, a pseudonymous crypto analyst, CW8900, shares what this move might mean for the digital asset.

Why Whale Buying Is Very Bullish For XRP

Historically, large whale XRP buying has usually marked the bottom of a downtrend, leading to a reversal of the trend. This has been the case in the past bear/bull markets, where the whale buying has often stopped the bleed for the altcoin.

The crypto analyst points out that the whales have actually been accumulating the digital asset for a while now, going as far back as one year. This accumulation began with the 2025 high and has continued as the cryptocurrency’s price has drawn down.

Interestingly, these large whale orders have dominated the XRP buying in one year now, showing that these large investors are ramping up their holdings. As the crypto analyst explains, this means that the whales are actually preparing for the cryptocurrency to go into another bull market.

Mostly the buys have been around the $1.3-$3 level, which is where the most buying has occurred. Pointing to the past, the crypto analyst explained that whales have previously bought XRP in the $0.3-$1.3 range, which happened before the 2024/2025 rally.

Another interest fact is the fact that these large whales have not been selling at all and have been focused on buying. This means that the coins are not moving out of the hands of the whale traders into the hands of retail traders.

Going by previous performance, such a trend, when done, could send the XRP price rallying again. The last time, there was a 500% rally resulting from the accumulation. A similar breakout would mean that the price would eventually cross above $7 before topping.

Администратор майнинг-пула рассказал об убыточной сделке с недвижимостью за биткоины

bits.media/ - Tue, 03/31/2026 - 14:37
Администратор майнингового пула F2Pool Ван Чун (Wang Chun) рассказал, как недавно продал квартиру в Паттайе всего за семь биткоинов. В 2015 году он приобрел это жилье за 2900 BTC, когда первая криптовалюта торговалась по $224.

Impending Crypto Crash? Japan’s Liquidity Crisis Poses Major Threat, Expert Cautions

bitcoinist.com - Tue, 03/31/2026 - 14:00

Amidst the ongoing crypto market consolidation and Bitcoin (BTC) above the $60,000 support level, a looming concern has surfaced regarding a potential new crash. This time, experts suggest that the turmoil might extend beyond geopolitical tensions and oil prices, finding its roots in a deepening liquidity crisis unfolding in Japan.

Japan’s Low‑Rate Model At Risk?

In a recent post on X (formerly Twitter), market expert Ted Pillows argued that Japan’s long-standing low-rate financial architecture makes its system especially vulnerable when long-term interest rates climb. 

The practical effect, he explained, is twofold. First, as 30‑year bond yields rise, borrowing costs increase across the economy. Second, the market value of existing long-dated bonds falls, producing mark-to-market losses for institutions such as banks and pension funds. 

Those losses can sap confidence, Pillows claimed, prompting financial institutions to hoard cash and pull back from lending and risk-taking—a process known as liquidity tightening.

Japan matters to global markets because, for decades, its ultra-low rates effectively supplied cheap capital to investors worldwide. Traders often borrowed yen at minimal cost and redeployed that capital into higher-yielding or riskier assets overseas. 

When Japanese yields climb, that carry trade becomes less attractive and can even reverse as investors unwind positions and repatriate funds. The result is a drain of liquidity from global markets at precisely the moment risk appetite is needed most.

Liquidity Shock Could Trigger New Crypto Sell‑Off

Crypto markets are particularly sensitive to swings in global liquidity, Pillows contends. Digital assets have benefited strongly over the past years from a steady flow of “easy money” that encouraged investors to chase higher returns. 

When liquidity tightens, investors typically de-risk by selling the most volatile holdings; cryptocurrencies and smaller altcoins often fall hardest because they are more speculative and less stable than major assets. 

A concurrent strengthening of the Japanese yen can compound the effect by reducing dollar liquidity available internationally, placing additional pressure on risk assets priced or financed in dollars.

Pillows cautioned that Japan need not be the sole cause of a market collapse to be consequential. Instead, rising Japanese yields can act as an accelerant for broader market moves that are already in motion. 

He noted, however, that this can run in both directions: heightened stress and falling asset prices often prompt central banks to step in. 

The Bank of Japan could respond by intervening to lower yields—either through bond purchases or other liquidity measures—which would restore capital flows and potentially fuel a sharp rebound in risk assets. 

In other words, the same mechanisms that can precipitate a downturn can later help power a new crypto bull run once liquidity is restored.

Featured image from OpenArt, chart from TradingView.com 

Республиканцы хотят заставить американских майнеров отказаться от китайских ASIC

bits.media/ - Tue, 03/31/2026 - 13:49
Сенатор от штата Луизиана Билл Кэссиди (Bill Cassidy) и сенатор от штата Вайоминг Синтия Ламмис(Cynthia Lummis) представили законопроект о майнинге «Добыто в Америке» (Mined in America). Сенаторы-республиканцы уверяют, что документ упростит добычу криптовалют и снизит зависимость от китайских технологий.

Почти половина трейдеров Pump.fun ушла в минус

bits.media/ - Tue, 03/31/2026 - 13:46
49% кошельков, торгующих мемкоинами на блокчейне Solana с помощью платформы Pump.fun, понесли убытки в марте, сообщил проанализировавший 1,4 млн активных адресов сервис Dune Analytics.  

Компания экс-советника Трампа продала биткоины с огромным убытком

bits.media/ - Tue, 03/31/2026 - 13:13
Компания Nakamoto, принадлежащая бывшему советнику президента США Дональда Трампа по криптовалютам Дэвиду Бэйли (David Bailey), продала 284 биткоина за $20 млн. Операция состоялась по цене $70 422 за монету, тогда как покупались монеты по курсу $118 171.

BitMine купила рекордное число эфиров

bits.media/ - Tue, 03/31/2026 - 13:05
Крупнейший публичный корпоративный держатель эфира BitMine Immersion Technologies уже пятую неделю подряд наращивает закупки второй криптовалюты. За последнюю семидневку компания приобрела 71 179 ETH — больше всего с начала года.

Квантовые компьютеры смогут взломать Биткоин раньше ожидаемого — Google

bits.media/ - Tue, 03/31/2026 - 13:01
Для успешной атаки на сеть Биткоин может потребоваться значительно меньше вычислительных мощностей, чем считалось ранее, пришли к выводу аналитики Google.

Алекс Торн: Банки сдерживают развитие крипторынка

bits.media/ - Tue, 03/31/2026 - 12:55
Глава отдела исследований Galaxy Digital Алекс Торн (Alex Thorn) заявил, что банки сдерживают внедрение биткоина и других криптовалют, стремясь выиграть время для развития собственных решений.

Жителя Мэриленда обвинили во взломе криптобиржи Uranium Finance

bits.media/ - Tue, 03/31/2026 - 12:30
Прокуратура США обвинила 36-летнего жителя штата Мэриленд Джонатана Спаллетту (Jonathan Spalletta) во взломе децентрализованной криптовалютной биржи Uranium Finance. Ему грозит до 30 лет лишения свободы.

Основатель Crypto Banter: Ценность биткоина вызывает у инвесторов вопросы

bits.media/ - Tue, 03/31/2026 - 12:05
Основатель медиаплатформы Crypto Banter Ран Нойнер (Ran Neuner) заявил, что инвесторы все чаще сомневаются в ценности биткоина на фоне отсутствия очевидных драйверов роста в краткосрочной перспективе.

CLARITY Act Incoming: Final Text Expected This Week On Stablecoin Yield Compromise

bitcoinist.com - Tue, 03/31/2026 - 12:00

Senators are poised to publish a revised draft of the CLARITY Act — the long‑anticipated crypto market structure bill — as early as this week, according to reporting from Eleanor Terrett of Crypto In America. 

The timing comes amid an Easter recess that runs through April 13, but Terrett’s sources say lawmakers intend to unveil language resolving the politically sensitive dispute over the CLARITY Act stablecoin yield and rewards before members return to regular business.

Industry Pushes Back On CLARITY Act Restrictions

The latest draft reportedly aims to strike a compromise on how cryptocurrency platforms may offer rewards without prompting a flight of deposits from traditional banks. 

As Bitcoinist reported last week, the CLARITY Act would broadly bar platforms from offering yield “directly or indirectly” on stablecoins or on assets that operate like bank deposits. 

Lawmakers would still allow activity‑based incentives such as loyalty points and promotional offers in the CLARITY Act draft, while assigning regulators a one‑year window to define permitted incentives and establish anti‑evasion rules to prevent workarounds.

That restrictive approach has drawn a swift and visible reaction in the industry. Coinbase’s Global Head of Investment Research, David Duong, has said that industry participants are coordinating a counterproposal to explain why targeted changes are needed to protect customers and sustain workable rewards programs. 

However, a spokesperson for Senator Thom Tillis told Crypto In America that the new CLARITY Act text reflects ongoing conversations with industry groups, including banks. 

Key unresolved topics expected to shape the final negotiations include decentralized finance (DeFi) safeguards, token classification, and rules for real-world asset (RWA) tokenization, according to Terrett.

New Crypto PAC In Town

The legislative manoeuvring has coincided with increased political organizing from within the crypto industry. Anchorage Digital and Chainlink (LINK) announced Monday the formation of a bipartisan hybrid political action committee (PAC), the Blockchain Leadership Fund, backed by members of the Digital Chamber. 

Per the firm’s release, the new fund plans to engage across federal, state, and local contests to support candidates and policymakers who favor durable, innovation‑friendly digital asset policy. An Anchorage Digital spokesperson stated: 

Crypto policy is being written right now and the companies that show up and engage will help define the rules of the road; the ones that don’t will inherit them. At Anchorage Digital, we’ve always believed that responsible innovation requires active participation, which is why we’re proud to support the Blockchain Leadership Fund at such a pivotal moment for the industry.

A Chainlink representative echoed that message, noting the unusually clear — but still fragile — legislative moment the sector faces. “The market structure bill [CLARITY Act] is where the real complexity lives, and the candidates willing to work through that complexity deserve sustained, organized support from the industry,” the spokesperson said. 

Chainlink added that its institutional partners are building on blockchain infrastructure and that the Blockchain Leadership Fund will help ensure the policy environment can scale that adoption.

Featured image from OpenArt, chart from TradingView.com

Суд Нью Йорка назначил криптобирже KuCoin штраф $500 000

bits.media/ - Tue, 03/31/2026 - 11:40
Суд Южного округа Нью Йорка назначил оператору криптобиржи KuCoin — компании Peken Global Limited, зарегистрированной на островах Теркс и Кайкос — административный штраф в размере $500 000 за отсутствие регистрации в Комиссии по торговле товарными фьючерсами США (CFTC).

Более 40% альткоинов торгуются у исторических минимумов — CryptoQuant

bits.media/ - Tue, 03/31/2026 - 11:15
Свыше 40% альткоинов торгуются на уровне исторических минимумов. Главная причина — избыток новых монет и долговые схемы фондов, стоящих за их выпуском, заявил аналитик ончейн-платформы CryptoQuant под псевдонимом Darkfost.

Russia, Iran-Linked Groups Turn To Crypto For Crowdfunded Drone Purchases – Report

bitcoinist.com - Tue, 03/31/2026 - 11:00

A recent report has shared that Pro-Russia and Iran groups are turning to crypto to fund purchases of commercially available drones and related components, as the products become central to modern conflict.

Crypto-Funded Drone Purchases Linked To Russia, Iran

On Monday, blockchain analytics firm Chainalysis revealed that groups affiliated with Russia and Iran are utilizing crypto to fund the acquisition of low-cost military drones and their components.

The firm traced crypto flows from individual wallets linked to various paramilitary groups to the purchase of affordable drones and related components from vendors on e-commerce platforms.

According to the report, low-cost, commercially available drones have become central to modern conflict, enabling both state and non-state actors, including pro-Russia militias and Iran-backed terrorist organizations.

Most purchases use traditional financial channels, but Chainalysis noted that drone procurement networks are ⁠increasingly intersecting with the blockchain. As the firm explained, crypto can enter the drone procurement picture directly or indirectly. In the first scenario, a drone manufacturer openly accepts digital assets as payment on its website.

In the second scenario, electronics and dual-use component vendors that sell through third-party e-commerce platforms like Alibaba accept digital assets to sell drones and their parts to buyers whose identities and intended use are unclear.

The report found that Iran-linked groups have been using crypto to acquire drone components and sell military equipment, highlighting a wallet associated with Iran’s Islamic Revolutionary Guard Corps (IRGC) that purchased drone parts from a Hong Kong-based supplier.

As reported by Bitcoinist in January, Iran’s Ministry of Defence Export Center (Mindex), the state arms export arm, openly offered to accept crypto as payment for military hardware, including drones, air defense systems, warships, and ballistic missiles.

Paramilitary Groups ‘Crowdfund The Frontline’

Chainalysis also emphasized that the “most publicly visible crypto-drone nexus operates at the militia level, through open crowdfunding campaigns on social media platforms.”

The blockchain analytics firm has identified dozens of pro-Russia volunteer and paramilitary organizations asking for crypto donations for military equipment since Russia invaded Ukraine in ​2022.

Over the past four years, the pro-Russia groups have raised more than $8.3 million in these donations across various blockchains to purchase drones and associated components from global e-commerce platforms.

On-chain evidence shows Russian militia fundraising groups purchasing from a Hong Kong-based drone manufacturer and drone purchasers acquiring liquidity from Russian-language no-Know Your Client (KYC) exchanges, the sanctioned Russian exchanges Garantex and Grinex, and a Federation Tower-based OTC service.

To the firm, this strongly suggests that Russia-linked actors may have acquired drones from Chinese manufacturers for deployment in Ukraine. Chainalysis also matched crypto transactions between $2,200-$3,500 to the exact prices of drones and their components on ​e-commerce platforms. 

“The striking point is not the dollar figure, but the logic. At the militia level, low-cost commercial drones are among the most tactically significant items crowdfunded crypto can buy,” the report affirmed.

“At $2,200–$3,500 per unit, a single successful fundraising campaign translates directly into battlefield capability for groups that cannot access conventional finance,” it continued.

The firm underscored that the blockchain offers new opportunities to trace these flows and obtain a better understanding of how emerging technologies are “transforming the economics of conflict.”

“On the blockchain, there’s this incredible opportunity, once you have ‌identified the ⁠vendor to see the counterparty activity and make assessments that help clarify that utilization and the intent behind the purchase,” Andrew Fierman, Chainalysis’s head of national security intelligence, told Reuters

XRP Advocate John Deaton Says The Real Risk Isn’t A CBDC — It’s A Future SEC Chair

bitcoinist.com - Tue, 03/31/2026 - 10:55

John Deaton, the U.S. crypto lawyer who represented XRP holders in the SEC vs. Ripple case, blasted at how U.S. crypto policy is being shaped.

An XRP Voice Warns Against Inaction

Reacting to Ripple’s CEO Brad Garlinghouse’s interview with Maria Bartiromo, Deaton wrote a lengthy post on the social media X today, expressing his worries and concerns regarding the direction crypto policy in the U.S. is taking.

One thing @bgarlinghouse said to @MariaBartiromo that I completely agree with – is that American companies and our financial markets cannot afford to experience Gensler 2.0. And the only way to guarantee that we don’t – is by passing legislation.

Look, no one despises the… https://t.co/H958StIpRY pic.twitter.com/tOdj4N5wlJ

— John E Deaton (@JohnEDeaton1) March 30, 2026

In his interview with Bartirmoro for Fox Business, Garlinghouse warned that if the U.S. keeps dragging its feet, American companies and capital markets will bleed out to friendlier jurisdictions while Washington fixates on the wrong crypto battles.

Bartimoro positioned the discussion around U.S. competitiveness and regulatory chaos, echoing a long‑running Fox Business narrative that America is “losing the race” on digital assets.

Ripple CEO warns against weaponization of crypto policy: ‘We can’t have another Gary Gensler moment’ | https://t.co/hc5WMt0boT @MorningsMaria @FoxBusiness

— Maria Bartiromo (@MariaBartiromo) March 27, 2026

Ripple and XRP holders have lived through that chaos first‑hand, from the SEC fight to today’s policy vacuum.

This is why Deaton seizes on Garlinghouse’s warning. In the middle of a heated fight over Trump’s CBDC ban order and years of media‑driven CBDC panic, Deaton argues that the only way to stop a future surveillance‑style CBDC is through hard legislation passed by Congress.

American companies and our financial markets cannot afford to experience Gensler 2.0. And the only way to guarantee that we don’t – is by passing legislation.

For Deaton, a “Gensler 2.0” means a future regulator who uses aggressive “regulation by enforcement” instead of clear rulemaking, like Gensler did with Ripple, XRP, LBRY, Coinbase and others, and treats most tokens as securities by default, keeping the industry in a constant defensive posture.

What The Future Could Hold

The only durable way to block a U.S. surveillance CBDC is an explicit act of Congress that ties the Fed’s hands, Deaton argues.

But as much progress, guidance, and clarity, @PaulSAtkiinsSEC and  @MichaelSelig have provided to the markets, without legislation passed into law – all that guidnace [sic] and clarity can be taken away – as if it never happened – when a new administration takes over.

The XRP advocate finishes his post with a reminder of who is to become Chair of the Senate Banking Comittee which oversees the SEC: Elizabeth Warren. Warren built her brand as a tough Wall Street and big‑bank watchdog. In crypto, she is famous for claiming she is “building an anti‑crypto army”, backing tough bills like the Digital Asset Anti‑Money Laundering Act and pushing amendments that critics say favor banks and restrict digital assets.

We need strong crypto regulation – not an industry giveaway that puts our economy at risk and supercharges President Trump’s corruption. pic.twitter.com/6sVbwMiSFf

— Elizabeth Warren (@SenWarren) August 10, 2025

Both Deaton and Garlinghouse warn that regulatory drift is already driving talent, liquidity and innovation offshore, and that the U.S. risks watching the next generation of financial plumbing get built in Europe, Asia or the Middle East instead.

Clarity on XRP’s status and broader digital‑asset law in the U.S. is already shifting flows into assets seen as “safer” from enforcement risk. Further statutory wins could reinforce that capital rotation.

Cover image from Perplexity, XRPUSDT chart from Tradingview

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